Property Evaluation

San Antonio, TX 78227 2531 Observation

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Presented By: Dominique Jimenez with Real Broker, LLC; (210) 800-5525
  • MLS# 1862272
  • 04/29/2025
  • Request Tour
  • Request Info
  • Baths • 3
  • SQFT • 3,000

Home Details

Positive cash flow! This fully renovated quadplex presents a rare turnkey investment opportunity located near Lackland Air Force Base, SeaWorld San Antonio and many major employers, ensuring strong rental demand. The property underwent a complete down-to-the-studs renovation in 2023, featuring a new foundation, new roof, updated PEX plumbing and drain lines, all-new electrical systems, new drywall, new windows, doors, and modern finishes throughout. Every major system has been replaced, offering investors a truly low-maintenance asset for years to come. This property provides immediate in-place cash flow with significant upside potential through lease-up and rental rate optimization. Zoned R-6 with modern construction standards and minimal deferred maintenance, this property is ideal for investors seeking turnkey cash flow with long-term appreciation potential. The combination of a full renovation, prime location, and partial occupancy offers a compelling value-add opportunity for both buy-and-hold and cash flow-focused investors.
Presented By: Dominique Jimenez with Real Broker, LLC; (210) 800-5525

Interior Features for 2531 Observation

Bathrooms

U1 Half Baths0
U2 Full Baths1
U2 Half Baths

Other Interior Features

FlooringLaminate
Heating FuelElectric

General for 2531 Observation

Annual Operating Expense4902.58
Area0700
BuilderUnknown
ClassMulti-Family (2-8 Units)
CoolingWindow/Wall
Elementary SchoolWestwood Terrace
HOA MandatoryNone
HeatingWindow Unit
High SchoolJohn Jay
Legal DescriptionNcb 15507 Blk 009 Lot S, 60 Ft Of 7
Middle SchoolJones
Proposed TermsConventional, FHA, VA, Cash, Investors OK
School DistrictNorthside
StatusActive
SubdivisionLACKLAND TERRACE
Taxes$4,903
TypeOne Story
U1 #Parking Spaces2
U1 Bdrm2
U1 Fulls Baths1
U1 Handicap AccessNo
U1 Park TypePad
U1 Rent1400
U2 #Parking Spaces2
U2 Bdrm2
U2 Handicap AccessNo
U2 Park TypePad
U2 Rent1350
U3 #Parking Spaces2
U3 Bdrm2
U3 Full Baths1
U3 Half Baths0
U3 Handicap AccessNo
U3 Park TypePad
U3 Rent1250
U4 #Parking Spaces2
U4 Bdrm2
U4 Full Baths1
U4 Half Baths0
U4 Handicap AccessNo
U4 Park TypePad
U4 Rent1400
Year Built1944
ZoningR-6

Exterior for 2531 Observation

ExteriorSiding
Exterior FeaturesCovered Patio, Level
Lot Size0.223
METERSCommon Water, Common Electric, Common Gas
RoofingComposition
Water/SewerCity

Additional Details

Price History

Schools

Middle School Jones Middle School
Elementary School Westwood Terrace Elementary School
High School John Jay High School

Traci Frasier

Broker Associate | Director of Luxury and Residential Sales
Price $480,000
MLS#1862272
List Date 04/29/2025
Property Type Multi-Family
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Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
Hill Country Dream Team is independently owned and operated and fully supports the principles of the Fair Housing Act and is an Equal Opportunity Employer. All listing information is from sources deemed reliable. However, no representation is made as to the accuracy or completeness thereof and should be independently verified.
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